The deadline for submitting the San Francisco Gross Receipts Tax return is quickly approaching on February 28, 2025. Before calculating the first quarterly payments for 2025, consider the changes enacted by voters in 2024 as part of Proposition M. A broad restructuring of the exemption threshold, apportionment formulas, and rates could considerably change your tax…
How a Rushed Microsoft 365 Copilot Rollout Led to a Quick Rescue and a Secure AI Deployment The Background The journey for this client in the professional services industry began when they introduced Microsoft Copilot to a select group of users, eager to leverage its productivity-enhancing capabilities. However, shortly after the Microsoft Copilot implementation, it…
In an ever-evolving and often overly complex tax compliance world, it’s crucial for resort operators and managers to ensure a comprehensive understanding of filing requirements and what classifies a contract worker as 1099-eligible labor. This article aims to uncover upcoming filing requirements facing the hospitality industry and touch on the penalties for failure to file…
The start of President Trump’s second term in office has the CleanTech industry preparing for the future of climate change initiatives. President Trump has historically supported the fossil fuel industry. In his initial term, this support led to many regulatory rollbacks that supported its growth and competition. This is expected to play a large part,…
Rev up for the Winter 2025 issue of Dealer Vision! This edition is fully-loaded with the insights and strategies to keep your dealership running at peak performance. Inside, explore key takeaways from the AICPA Dealership Conference, master the art of implementing a strategic parts matrix, and discover the advantages of a cost segregation study. Inside…
As vehicle gross profit per unit faces downward pressure, successful dealers are shifting their attention to fixed operations—specifically the parts and service departments. Why? Because the service drive offers a significant opportunity, one that’s essential for sustaining profitability as the age of vehicles continues to grow, extending the period for which vehicle owners seek highly…
For automotive accountants and CFOs, the AICPA Dealership Conference is the ultimate destination to connect with industry contacts, clients, and fellow accounting firms to discuss the latest hot topics and trends for the current and upcoming year. We at Withum look forward to attending year after year and highly recommend this event to our clients,…
Creating a culture of commitment and accountability within an organization is essential for fostering a productive and positive work environment and can lead to higher levels of engagement, improved performance, and a stronger sense of ownership. This article explores key strategies organizations can implement to cultivate a culture where commitment and accountability thrive, ultimately driving…
The SECURE Act 2.0 of 2022 introduces several significant changes aimed at enhancing retirement savings for American workers. Breaking Down Section 101 One of the key provisions, Section 101, focuses on expanding automatic enrollment in retirement plans. Here’s what plan sponsors need to know: Key Takeaways Section 101 of the SECURE Act 2.0 of 2022…